With December Hike Odds Intact, Can a Midterm Rally Repair Gold, Silver’s Breakdowns?

Macro Snapshot: Gold posted its best week since late August, but it got there on rate relief that had disappeared by Friday. COMEX gold rose 4.5% to $4,074.9 and silver 5.4% to $51.94 while cheaper oil pushed the odds of a December Fed hike down from about 71% on 30 October to 64% ahead of Friday’s payrolls, according to CME FedWatch readings reported by Benzinga and Reuters. The jobs data sent the odds back up to 74.8%, CNBC reported, a

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With December Hike Odds Intact, Can a Midterm Rally Repair Gold, Silver’s Breakdowns?

Macro Snapshot: Gold posted its best week since late August, but it got there on rate relief that had disappeared by Friday. COMEX gold rose 4.5% to $4,074.9 and silver 5.4% to $51.94 while cheaper oil pushed the odds of a December Fed hike down from about 71% on 30 October to 64% ahead of Friday’s payrolls, according to CME FedWatch readings reported by Benzinga and Reuters. The jobs data sent the odds back up to 74.8%, CNBC reported, a

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COVID-19 Hits Consumer Demand in H1:WGC

Mumbai: The COVID-19 pandemic impacted the consumer sectors of the gold market in H1 2020, with total demand dropping by 6% to 2,076t versus the same period in 2019, according to the World Gold Council’s (WGC) latest Gold Demand Trends report. However, while overall gold demand fell, H1 saw record flows into gold-backed ETFs of 734t. The global response to

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Shaankar Sen of Senco Gold is No More

Kolkata: Mr. Shaankar Sen, chairman and managing director of Senco Gold Ltd., which runs the chain of Senco Gold and diamond jewellery stores, passed away in Kolkata on Tuesday morning. He was 63. He was also the vice chairman of All India Gem and Jewellery Domestic Council, the domestic body responsible for the welfare of the jewellery sector and all

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Deadline for Hallmarking of Gold Jewellery Extended

New Delhi: In view of the coronavirus pandemic, the government has extended deadline for mandatory hallmarking of gold jewellery and artefacts by over four months. The deadline has been extended to June 1, 2021, as compared to the earlier deadline of January 15, 2021, Press Trust of India reported, citing Consumer Affairs Minister Mr. Ram Vilas Paswan. “Jewellers had made

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GIA & IBM Join Forces to Transform Diamond Grading

Mumbai: GIA (Gemological Institute of America) and IBM Research, one of the world’s largest and most influential corporate research labs, have joined forces to develop an advanced artificial intelligence (AI) system designed to revolutionize diamond clarity grading. The GIA AI clarity system is built on the standards of GIA’s universally recognized International Diamond Grading System™. The AI is fueled by

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GJEPC Reinforces India’s Diamond Leadership at ICC Conclave

Kolkata: The Indian Chamber of Commerce (ICC) hosted the Diamond Conclave 2.0, themed “India Shining for the Global Stage,” with GJEPC as co-partner. The conclave, held in Kolkata on 30th August, brought together industry leaders, policymakers, and trade experts to deliberate on the challenges and opportunities shaping the future of India’s gem and jewellery sector. In his address, Sabyasachi Ray, Executive Director,

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India Pavilion at Jewellery Show London

Mumbai: India’s Gem & Jewellery Export Promotion Council (GJEPC)-led India Pavilion is hosting Indian Jewellery manufacturers at the Jewellery Show London from 31st August to 1st September at Olympia London . The SELECT exhibitors, including G.C. Gems Corp, Minal Info Jewels, Steckbeck Jewellery Pvt. Ltd, Sejal Exports, Romil Jewellery, Blossom Jewels LLP, Dharam Export (India) Pvt Ltd, Shrinath Roto pack

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GDP Growth Reflects Resilience of India’s Economy: Kirit Bhansali

Mumbai: India’s strong services activity has helped GDP growth comfortably beat expectations for the second quarter in a row, rising to an impressive high of 7.8% for April-June 2025. The swift growth in the first quarter of the current financial year further consolidates India’s position as the world’s fastest growing major economy. Currently the world’s fourth-largest economy, India is on

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Kalyan Jewellers Launches Showroom in Dibrugarh

Mumbai: Kalyan Jewellers yesterday launched its all-new showroom at K.C Gogoi Path, Khalimari in Dibrugarh. Actor Genelia Deshmukh inaugurated the showroom, which aims to further strengthen the brand’s presence in the region. The showroom offers an array of exquisite designs from Kalyan Jewellers, featuring popular house brands such as Muhurat (Wedding Jewellery Line), Mudhra (Handcrafted Antique Jewellery), Nimah (Temple Jewellery)

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